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Austin’s Reign as a Tech Hub Might Be Coming to an Endwww.wsj.com/articles/austins-reign-as-a-tech-hub-might-be-coming-to-an-end-02836bc3
40 sats \ 1 comment \ @Coinsreporter 28 Jun tech
A new report from venture-capital firm SignalFire shows that in 2024 Big Tech employment declined 1.6% in Austin, and startup employment fell 4.9%.
LinkedIn’s data tells a similar story. From May 2024 to April 2025, the migration of tech, information and media workers from San Francisco to Austin decreased 23%, compared with a year earlier. New York to Austin moves decreased by 11% over the same period.
Return-to-office requirements combined with the burgeoning artificial-intelligence industry centralizing in Silicon Valley drew workers back West, while Austin’s fluctuating living costs and outdated infrastructure left new transplants frustrated....
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0 sats \ 0 replies \ @Car 29 Jun
Something I’ve noticed is about every 5 years people leave Austin and a new group comes in. I’ve seen this just with acquaintances, coworkers and friends since the early 2000’s. Seen that trend happening again this year. Austin is in many ways a small friendly town people get bored with it very fast. You really have to embrace its quirkiness. The slogan Keep Austin Weird is definitely there for a reason. People think Austin try’s to compete with other cities we don’t we know Austin is unapologetically Austin.
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